Cash switch behemoth MoneyGram says it can now facilitate the shopping for and promoting of Bitcoin at its brick-and-mortar shops.
In a press launch, MoneyGram reveals it has partnered with cryptocurrency money alternate Coinme to allow clients to buy Bitcoin utilizing fiat currencies in addition to convert the flagship cryptocurrency into money at 1000’s of areas within the US.
“The MoneyGram and Coinme integration will present a quick and straightforward means for patrons to buy bitcoin with money and withdraw bitcoin holdings in money. It’s specifically designed for patrons who could also be occupied with using bitcoin for the primary time.”
for enlargement embody extending the service to pick out markets overseas within the second half of this 12 months in addition to including different crypto property sooner or later.
“The service will [initially] be accessible at choose MoneyGram areas beginning within the U.S. within the coming weeks. Extra international locations and cryptocurrencies will probably be made accessible shortly thereafter.”
The partnership with Coinme comes months after MoneyGram introduced it suspended its relationship with Ripple, which allowed MoneyGram to conduct transfers utilizing the XRP cryptocurrency. The suspension got here after the U.S. Securities and Change Fee (SEC) filed aaccusing Ripple of illegally promoting securities within the type of XRP.
In a 2018on CNBC, former SEC chairman Jay Clayton, below whose tenure the markets regulator sued Ripple, acknowledged that Bitcoin shouldn’t be a safety.
“Cryptocurrencies: These are replacements for sovereign currencies, exchange the greenback, the euro, the yen with bitcoin. That sort of foreign money shouldn’t be a safety.”
Do not Miss a Beat – to get crypto electronic mail alerts delivered on to your inbox
Comply with us on , and
Disclaimer: Opinions expressed at The Every day Hodl will not be funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal threat, and any loses chances are you’ll incur are your accountability. The Every day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Every day Hodl an funding advisor. Please notice that The Every day Hodl participates in affiliate internet marketing.
Featured picture: Shutterstock/ArtStudio29